TAILIEUCHUNG - Ebook Financial accounting - An introduction (4th edition): Part 2

(BQ) Part 2 book "Financial accounting an introduction" has contents: Current liabilities, current assets, ownership interest, ratio analysis, reporting corporate performance, reporting cash flows, provisions and non-current (long-term) liabilities,.and other contents | 12/4/06 13:49 Page 234 Chapter 9 Current assets REAL WORLD CASE Balance sheets at 2 January 2005 (Note 1) Group 2004 2004 £m £m 2003 (restated) £m 708 672 – – 1,182 67 145 201 1,221 81 242 191 141 22 – – 161 44 – – Notes 13 14 19a 19a Company 2003 (restated) £m Current assets Stocks Debtors – Due within one year – Due after one year Investments Cash at bank and in hand 13 Stocks Group 2004 £m 227 60 421 202 45 425 708 Raw materials and consumables Work in progress Finished goods and goods for resale 2003 £m 672 (I) Stocks Stocks are valued at the lower of average cost and estimated net realisable value. Cost comprises direct material and labour costs together with the relevant factory overheads (including depreciation) on the basis of normal activity levels. Amounts are removed from stock based on the average value of the items of stock removed. Raw Materials and Suppliers The Group uses a wide range of raw materials in the production of its confectionery and beverage products. The main raw materials are: cocoa beans, sugar and other sweeteners (including polyols and artificial sweeteners such as aspartame), dairy products including milk, fruit and nuts. Cadbury Schweppes buys its raw materials from about 40,000 suppliers around the world. No single supplier accounts for more than 10% of the Group’s raw material purchases. The Group developed a Human Rights and Ethical Trading (HRET) policy in 2000. The Group seeks to minimise the impact of price fluctuations and ensure security of supply by entering into forward agreements and long-term contracts where such agreements and contracts are available. Cocoa beans are imported from West Africa and the Far East. West Africa accounts for over 60% of world production. The Group buys cocoa beans and cocoa butter from a range of suppliers. The Group attempts to minimise the effect of cocoa price movements and secure its future cocoa requirements by entering into forward and future .

• Kế toán - Kiểm toán
• Financial accounting
• Current liabilities
• Current assets
• Ownership interest
• Ratio analysis
• Reporting corporate performance
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Lecture Financial accounting
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet